SignalPoint: A Strategic Partnership with Farther in Wealth Management
Deal News | Jan 15, 2025 | Moneta Seeds Ltd
In a strategic move within the wealth management sector, Farther, a technology-driven registered investment advisor (RIA), has announced its collaboration with SignalPoint Asset Management. This partnership stands as Farther's largest, integrating approximately $650 million in client assets under management from SignalPoint. Originally founded in 2008, SignalPoint has earned a reputation for its personal approach to wealth management, catering to around 500 families across the Midwest, with headquarters in Springfield, Missouri, and an additional office in Madison, Wisconsin. SignalPoint's decision to join Farther underscores the strength of Farther's technology and operational support, as highlighted by both Farther's CEO, Taylor Matthews, and SignalPoint's CEO, Jon Timson. Moving forward, SignalPoint aims to operate independently under the 'SignalPoint powered by Farther' branding, maintaining its local roots while leveraging Farther’s advanced infrastructure to enhance service offerings and pursue growth within and beyond the Midwest.
Sectors
- Wealth Management
- Financial Technology (FinTech)
Geography
- United States – Both Farther and SignalPoint operate within the United States, with SignalPoint based in the Midwest and Farther expanding its influence nationally.
- Midwest USA – SignalPoint serves clients in the Midwest, and the partnership aims to expand their influence regionally and beyond.
Industry
- Wealth Management – The article discusses a partnership in the wealth management sector, involving Farther and SignalPoint Asset Management.
- Financial Technology (FinTech) – Farther's focus on technology-driven solutions for wealth management highlights the influence of FinTech in the partnership.
Financials
- $650 million – The amount of client assets under management brought by SignalPoint to Farther's platform.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Farther | Acquiring Company | Company | A leading technology-driven wealth management firm that has formed a partnership with SignalPoint Asset Management. |
| SignalPoint Asset Management | Target Company | Company | An independent registered investment advisor with approximately $650 million in client assets, serving 500 families in the Midwest. |
| Taylor Matthews | CEO and Co-founder of Farther | Person | CEO of Farther, who commented on the strength of the platform during the partnership announcement. |
| Jon Timson | Chief Executive of SignalPoint | Person | CEO of SignalPoint, who articulated the reasons for choosing Farther as a partner. |